FBD has appointed Jim Ryan to the role of chief commercial officer.

He joins FBD from Ulster Bank, where he was managing director of branch banking. He will take over responsibility for FBD’s 33 branches throughout Ireland, as well as its consumer and financial solutions businesses. He will report directly to group CEO Fiona Muldoon.

Meanwhile, FBD recently held its AGM, where it was revealed that former boss Andrew Langford was working on a secret satellite project for FBD, for which he is being paid €16,300 a month. Speaking at the AGM, Muldoon told shareholders that its primary focus is on returning to profitability and premiums would have to go up as a consequence. She sought to reassure farmers that insurance premium hikes this year will be modest. She said the farm book would see some increases, but nothing like what has been seen and would be in the low single digits. She did add that motor premium hikes, however, are likely to be more than that.

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